Investors Punish Apple

1/24/2013 7:41AM

Apple shares fell sharply in European trading and dragged down Nasdaq-100 futures after the technology giant's quarterly results disappointed investors. Martin Essex and Ben Rooney assess whether this is a significant turning point for the company.

This transcript has been automatically generated and may not be 100% accurate.

I ... the the ... says it all ... he is CEO of the company announced ... disappointing results ... that those in the yield on Wednesday ... well that he had offices in hand with me ... to look at why this all happened last in first look cheap so that's pretty jaw ... yes um and then dropped around eight percent in off hours trading ... on Wednesday ... I'm that's confirmed by the trading in Frankfurt this morning so the shares are likely to own the stock and the official open about eight percent down ... from about four hundred and seventy dollars ... now ... but I think owns tax ... break peaked last September ... the seven hundred dollars so they've lost very roughly by my calculations ... two hundred billion dollars of a role in that period ... shows that ... this is ... a little bit ... about it ... I'll be talking a minute ... the company is sold ... in the last one to eighteen million I Phones and eye pads that's all good bad thing why is ... it too so remember that's that's the that that Saddam and it's it's it's just on the fifty million ... I Phones fives and did did did pretty well on the I pad it beat its expectations for treatment ... I think the problem hippies ... that aam it missed its target on the on the I can fire them and still sold fifty million ... aam or just on the ... up and we can have a few things in them and say they would have sold the grime ... for of for those kind of thing is ... such a nice be careful ... before which allowed limited environment has on offer ... on a minute you cut Apple's share price of a loss on EPA is on it's being perceived meet Hillary ... wins this total fourteen all ... at the end ... this is because ... the company ... is as we go I've had five ... was great to see said thus allow this to some people expected to be anything it should be losing momentum as the BBC that but I think people want ... boss that I think the issues is missing the one who's going on in in in in the bond market and one s won on time ... won ... well now how ... on and so the question therefore full ... of Apple II's has expanded its looking into China sees China's as it is great but margin ... great for small kid ... that did fourteen billions of ... cells into the U S any sinks into China's of hopeful they can expand and that the problem I was I was always ... part of its history ... been a nice pop in for ups ... I'm pseudo cuz there's much more it made me get ... this or this and it doesn't really address that set it up ... and ... people x I'm so we are moving heavily into that and that's the theory that Nokia has always ... is is worth mentioning too that the brokers of all quite optimistic now about the future of the stock price ... so even though it smelled like a stroke and down the four hundred and seventy dollars I sold it to brokers this morning Citigroup's adding five hundred UBS citing six hundred said it set me know if it's anybody's right to offer Apple's among the music is just that ... it's had a shakeout ... she said it was the stock market dawning of what boys how new stock market don't ... give up so that they get knocked off it goes into it yet exactly and at that moment of my thing to say ... you know the momentum ... Apple is ... the most of the analysts still in the world ... and if you look the long-term trends and technology ... unit with all the time of need and invest in coal dust and technology driving back to steam engines ... and go all souls of ... just coming off that Apple is on the sunny Debate plantain said ... in a race like the usual sole superpower it's been putting this into context the wider market that we've seen a run-up of the people are also a general sense which is the place on an ... adjusted very short time I mean that the U S profits are probably going to open roughly flat you might have expected him to go potty because the general economic background of that to mean that it brings awful and when now saying that that was the debt ceiling problem Some Push Into glacier in the year you might six from expected about something very short time I was just going to keep them